CCEA hiked Minimum Support Prices for Rabi Crops of 2015-16 season

The Cabinet Committee on Economic Affairs (CCEA) on 5 November 2015 hiked the Minimum Support Prices (MSPs) for Rabi Crops of 2015-16 season to be marketed in 2016-17.

The decision was based on recommendations of Commission for Agricultural Costs and Prices (CACP) for the price policy for rabi crops for the marketing season 2016-17.

The Cabinet also decided to give a bonus of 75 rupees per quintal for rabi pulses over and above the recommendations of the CACP.

Commodity

MSP for 2014-15 season (Rupees per quintal)

MSP for 2015-16 season (Rupees per quintal)

Increase in MSP (Rupees)

Wheat

1450

1525

75

Barley

1150

1225

75

Gram

3175

3425

250

Masur (Lentil)

3075

3325

250

Mustard

3100

3350

250

Safflower

3050

3300

250

The prices would be effective from the Rabi marketing season 2016-17. The Food Corporation of India (FCI) will be the Central Nodal Agency for procurement of pulses and oilseeds.

To supplement the efforts of FCI, the National Agricultural Cooperative Marketing Federation of India Limited (NAFED), National Cooperative Consumers’ Federation (NCCF), Central Warehousing Corporation (CWC) and Small Farmers Agri–Business Consortium (SFAC) may also undertake procurement of oilseeds and pulses as per their capacity.

About Commission for Agricultural Costs and Prices (CACP)
The Commission came into existence in January 1965 with the mandate to recommend MSPs to incentivize the cultivators to adopt modern technology and raise productivity in line with the emerging demand patterns in the country.